Supply Chain Management & Outsourcing Quiz
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Questions and Answers

What is the primary goal of transacting parties in a transaction cost analysis?

  • To conduct the transaction in an economically efficient manner (correct)
  • To prioritize site specificity in the supply chain
  • To minimize their interactions with suppliers
  • To outsource all non-core activities

    • What is the definition of outsourcing in the context of supply chain management?

  • The process of managing supply chain activities in-house
  • The process of negotiating with multiple suppliers
  • The contractual delegation of a service or an activity to an internal supplier
  • The contractual delegation of an in-house service to an external supplier (correct)

    • What is the first level of supply chain specificity, according to TCE?

  • Frequency specificity
  • Uncertainty specificity
  • Physical asset specificity
  • Site specificity (correct)

    • What type of specificity involves equipment with unique design features that have lesser economic value in other usage?

    <p>Asset specificity</p> Signup and view all the answers

    What is the primary benefit of a supplier working with a single client, according to TCE?

    <p>Lower ex-post transaction costs for contract monitoring and enforcement</p> Signup and view all the answers

    What type of uncertainty involves variables like input prices and consumer confidence?

    <p>Demand uncertainty</p> Signup and view all the answers

    What is an example of physical asset specificity in supply chain management?

    <p>A coal-mining plant located near an electric power plant</p> Signup and view all the answers

    What is an example of dedicated assets?

    <p>Production capacity for a particular customer</p> Signup and view all the answers

    What are the three principal attributes of transactions, according to TCE?

    <p>Asset specificity, uncertainty, and frequency</p> Signup and view all the answers

    What type of uncertainty involves predicting the behavior of one exchange party in an unanticipated event?

    <p>Behavioral uncertainty</p> Signup and view all the answers

    What is an example of temporal specificity?

    <p>Perishable fruits</p> Signup and view all the answers

    What is the result of learning-by-doing processes?

    <p>Investments in relationship-specific human capital</p> Signup and view all the answers

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